"Since the state took over the trust in 2005, state-appointed fiduciary
Bruce Wisan, his attorneys and others charged with managing the $110
million-plus trust have racked up $5.7 million in fees."Big
$5,7 million for management of 8 years? Seems like the pot calling the kettle
black in money mismanagement to me.
How many phone calls and letters were executed in order to create a bill of 5.7
There is no such thing as an LDS Church that is fundamentalist; therefore the
phrase "Fundamentalist LDS Church" means nothing. You should have
referred to the Fundamentalist Church of Jesus Christ of Latter Day Saints, but
if you want a short version, that would be the FLDS Church.
The honorable Dee Benson had it right - this is a constitutional violation. No
government should be managing a religious trust - clear violation of the
establishment of religion clause. Would you want Obama or FDR seizing the assets
of the LDS and Catholic churches because they oppose him on various moral
issues?If you just put $110 million in the bank for 8 years you earn
~$10 million. The trust should easily be up to $120 million plus, as it had
grown from essentially $0 to $110 M in ~50 years. It is clear it has been
horribly mismanaged by Wisan, and he deserves a mismanagement lawsuit by the
beneficiaries - just like the Princess Bishop Trust in Hawaii.It is
clear that financial enrichment has been a prime motive of the anti-FLDS. Who
knows how many iPods, cameras, camcorders, and cash that were seized as
"evidence" in Texas never made it to the courthouse, and were taken for
personal use by Texas social workers and state troopers.